Finance Latest News: Shaky Bonds Make HD Supply and Tremor Video Stock Market Actions Cautious

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Finance Latest News: Shaky Bonds Make HD Supply and Tremor Video Stock Market Actions Cautious

Finance Latest News: Shaky Bonds Make HD Supply and Tremor Video Stock Market Actions Cautious
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Finance Latest News: Shaky Bonds Make HD Supply and Tremor Video Stock Market Actions Cautious

by Wochit 0:56 mins

Recent jolts in the stock and bond markets have reintroduced some caution into Wall Street, with the Standard & Poor?s 500-stock index down nearly 3 percent HD Supply priced its stock sale at $18 a share late Wednesday, well below its expected range. Tremor Video priced its offering at $10 a share, below an anticipated range of $11 to $13. U.S. stock futures rose on strong jobs numbers and consumer spending, a big factor in the sluggish economic growth seen during the first three months of the year. U.S. stock futures rose ahead of the release of data on consumer spending and claims for unemployment benefits, and as investors hoped for more market-friendly comments from Federal Reserve officials.

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